Construction Contracts Compared | Lump Sum, Cost Plus, Re-measurable & Target Cost

[@joshuamuia9336]

hey, big up to you guys and your great videos. Quick question, are QS's involved in civil engineering projects?

[@Metroun]

Thank you Joshua. We’re glad you like them! Absolutely. In fact all of us at Metroun started as Quantity Surveyors on civil engineering projects!

[@anthonyyeboah5716]

Simple and well explained

[@Rango7278]

Very well explained. Metron is the best platform to learn Quantity Surveying. Hat's off to Metron. Please advise how I can contact you for more commercial, quantity surveying questions?

[@Metroun]

Thank you for your comment! It’s always great to hear people appreciate what we do! You can find us on Telegram! @metrounqs

[@niwamanyaalex]

nice content here, is there any reference for this in the FIDIC

[@Metroun]

Thanks for watching! Are you asking if the FIDIC contracts specifically outline the payment mechanisms explained in this video?

[@krik6449]

Nec4 or JST for dealing with lump sum?

[@Metroun]

Both NEC4 and JCT have the option for a lump sum payment mechanism.

[@hussainkazmi4829]

Can we say that fidic red book is re-measurable/unit Price

[@Metroun]

FIDIC Red is something of a hybrid as it is generally a fixed price BUT with a variation being triggered if quantities change substantially (10%).

[@kurienillirickal7195]

Fidic Redbook is basically for measure and value

[@shimakrocks3]

👍

[@Metroun]

🙂